Sarah
03-08-2023, 10:01 AM
South Korea's government intends to make its firms enter the Saudi market and win contracts to construct $500 billion worth of projects to develop smart and eco-friendly cities in NEOM, in the northwest of the Kingdom.The Export-Import Bank of Korea has announced the signing of a $6 billion framework deal with Saudi Aramco.This step could help South Korean companies win contracts in the Kingdom.The bank also stated that $1 billion out of the $6 billion is set for hydrogen and renewable energy deals.The three-year deal was signed by Eximbank Chairman Yoon Hee-Sung and Saudi Ara
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